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Wednesday, September 7, 2011

Analysis - Is Congress hurting the U.S. economy? | Reuters

I love this statement in Rueters article. So tru

Analysis - Is Congress hurting the U.S. economy? | Reuters: I cannot recall an instance where voters were so demoralized," said Greg Valliere, chief political strategist at Potomac Research Group. "The debacle in late July seemed to reinforce a sense of resignation, not anger, that everyone in Washington is incompetent and recklessly partisan."

POLITICS INFECTING THE ECONOMY

Those bad feelings aren't just confined to cable TV news talk shows and Internet message boards.

Standard & Poor's cited the political environment as a primary reason for its decision to downgrade the country's credit rating. Stocks plunged after the downgrade, battering consumers' retirement holdings.

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